The company has established a good corporate governance policy by the Principles of Good Corporate Governance for Listed Companies (2017) of the SEC to serve as a guideline in business operations and organizational administration in enhancing effective management and creating confidence for shareholders, investors, and all stakeholders. It is also to create value for a business sustainably.

The company has set a policy, covering eight principles which can be summarized in brief as follows:

Principle 1 : Realize the roles and responsibilities of the board of directors as organization leaders that create sustainable values for the business.

The board of directors comprehends the role and is aware of the responsibilities as a leader to oversee the organization's good management. The company has provided a charter of the board of directors which clearly defines the powers, duties, and responsibilities, both in the performance of duties and the company's supervisions to the business and its subsidiaries by the law, objectives, regulations, resolutions of the board of directors' meeting and resolutions of the shareholders' meeting, with responsibility, caution, and honesty to protect the rights and interests of all shareholders, including the following roles and responsibilities:

  1. Roles, duties, and responsibilities of the board of directors in good management for the long-term stability of the company.
  2. Roles, duties, and responsibilities of the board of directors in supervision and value creation for the business's stability and sustainability in the long term.
  3. Roles, duties, and responsibilities of the board of directors in supervising the company's personnel.
  4. Scope of duties and responsibilities and assignments of the board of directors
  1. Determining and managing to ensure that the objectives and main purposes of the business (objectives) are for sustainability
  2. Supervising to ensure that the objectives and goals and strategies of the business are in accordance with the objectives and main purposes of the business by applying innovation and technology appropriately and safely.
  1. Determining and review of the board structure to be appropriate to lead the organization to the objectives and main goals set.
  2. Selecting the chairman and segregation of responsibilities for independent decision-making
  3. Supervising the nomination and election of directors to be transparent and clear to obtain the board of directors with suitable qualifications as specified.
  4. Considering the remuneration of the board of directors
  5. Managing, supervising, and being responsible for the performance of duties and appropriate time allocation of directors for the benefit of the company and all stakeholders.
  6. Supervising together with a framework and a mechanism provided to the operations of subsidiaries and other businesses that the company has invested significantly.
  7. Establishing an assessment of the performance of the board of directors, both individually and as a whole to take the evaluation results for further developing the next practice.
  8. Encouraging the company's directors to have knowledge and understanding of business roles and related laws, and support the company's directors to enhance their skills and knowledge for performing the duties of the company's directors.
  9. Supervising and managing the operation of the board of directors to ensure orderliness and appointing a company secretary to support access to important information of the board of directors.
  1. Recruiting and developing the chief executive officer and senior executives who are necessary to drive the organization towards its goals.
  2. Determining the framework and policies for compensation and assessment that are appropriate for the personnel in the organization.
  3. Building an understanding of the structure and the relationships of shareholders that may affect the management and operations of the business
  4. Monitoring and supervising the management and development of personnel to have appropriate knowledge, skills, experience, and motivation for the benefit of the company's development
  1. Focusing on and supporting the creation of innovations that bring value to the business while creating benefits for customers or related parties and being responsible for society and the environment.
  2. Monitoring and ensuring that the management operates business in a socially and environmentally responsible manner. This is reflected in the operational plan to ensure that all parties operate in accordance with the objectives, main goals, and the strategic department of the business.
  3. Efficient allocation and management of resources
  1. Establishing risk management and internal control system that will effectively achieve the objectives and having practices by relevant laws and standards.
  2. Establishing an audit committee that can perform duties independently.
  3. Monitoring and managing conflicts of interest that may arise in the company, including the prevention of unreasonable use in the company's information, assets, opportunities, and transactions with those who have an improper relationship with the company.
  4. Supervising anti-corruption and communication policies and practices at all levels of the company and to outsiders to have a practical implementation.
  5. Supervising the company to have a mechanism for receiving complaints and taking action in case of corruption clues.
  1. Supervising and being in charge of the preparation of financial reports and disclosures of information that are accurate, adequate, timely, and by the events which are in line with the relevant standards and guidelines.
  2. Monitoring of financial liquidity adequacy and the ability to pay debts.
  3. Preparing plans and mechanisms for solving financial problems if the business faces some financial issues.
  4. Preparing sustainability reports according to the appropriateness of the company.
  5. Establishing an investor relations unit to act as an intermediary in communication between the company, shareholders, and stakeholders.
  6. Promoting the use of information technology in disseminating company information.
  1. Providing opportunities for shareholders to participate in decision-making in important matters of the company.
  2. Supervising to ensure that the conduct of the shareholders' meeting is organized, transparent, and conducive to the exercise of shareholders' rights.
  3. Supervising to provide disclosure of meeting resolutions and the minutes of the meeting which are accurate and complete.